Horizon Investments LLC Acquires New Position in Invesco Water Resources ETF (NASDAQ:PHO)

Horizon Investments LLC acquired a new position in Invesco Water Resources ETF (NASDAQ:PHO) in the first quarter, Holdings Channel reports. The fund acquired 848,970 shares of the company’s stock, valued at approximately $28,848,000. Invesco Water Resources ETF makes up approximately 1.0% of Horizon Investments LLC’s investment portfolio, making the stock its 23rd biggest position.

A number of other large investors have also modified their holdings of the stock. MD Financial Management Inc. increased its position in shares of Invesco Water Resources ETF by 2.9% during the fourth quarter. MD Financial Management Inc. now owns 891,720 shares of the company’s stock worth $25,155,000 after purchasing an additional 25,337 shares in the last quarter. Arlington Capital Management Inc. acquired a new position in shares of Invesco Water Resources ETF in the 1st quarter valued at $16,012,000. PNC Financial Services Group Inc. increased its position in shares of Invesco Water Resources ETF by 99.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 415,931 shares of the company’s stock valued at $14,134,000 after acquiring an additional 206,963 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Invesco Water Resources ETF by 1.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 174,929 shares of the company’s stock valued at $5,944,000 after acquiring an additional 2,636 shares during the period. Finally, PFS Investments Inc. acquired a new position in shares of Invesco Water Resources ETF in the 1st quarter valued at $4,762,000.

Shares of NASDAQ PHO traded down $0.03 during mid-day trading on Monday, hitting $34.81. The stock had a trading volume of 1,044 shares, compared to its average volume of 74,078. Invesco Water Resources ETF has a twelve month low of $26.45 and a twelve month high of $35.06.

WARNING: This story was first posted by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/06/17/horizon-investments-llc-acquires-new-position-in-invesco-water-resources-etf-nasdaqpho.html.

Invesco Water Resources ETF Profile

PowerShares Water Resources Portfolio (the Fund) seeks investment results that generally correspond to the price yield of the NASDAQ OMX US Water Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index. The Underlying Index seeks to track the performance of the United States exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries.

Further Reading: Google Finance Portfolio Tips and Tricks

Want to see what other hedge funds are holding PHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Water Resources ETF (NASDAQ:PHO).

Institutional Ownership by Quarter for Invesco Water Resources ETF (NASDAQ:PHO)

Receive News & Ratings for Invesco Water Resources ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Water Resources ETF and related companies with MarketBeat.com's FREE daily email newsletter.